Wärtsilä's special audit continues

Wärtsilä Corporation

Press release

8 April 2004 at 3:00 PM E. Europe Standard Time

The president of Wärtsilä Sweden AB has been released from custody. The special audit on the company’s operations continues. The special audit has so far confirmed that the commissions paid by Wärtsilä Sweden are based on agreed deals for which the company has been paid. The audit supports Wärtsilä’s general view that it has been justified in revising its internal guidelines on the use of brokers. The company has recently renewed these guidelines. Nothing has emerged in Wärtsilä Sweden AB that would connect the company to the Gotland case last autumn.

“We take any suspicions concerning the company’s activities most seriously. Wärtsilä aims to be a reliable business partner and responsible corporate citizen. The company will take appropriate action if any indications of misconduct are found,” states President and CEO Ole Johansson.

About Wärtsilä

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.

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